7508 W ORANGEWOOD Avenue, Glendale, AZ 85303

$1,150,000
Property Type: Multiple Dwellings Status: Active
Current Price: $1,150,000 Last Modified: 11/18/2025

Description

Don't miss this rare opportunity to own a 7-unit, income-producing multi-family property situated on a prime corner lot in a quiet Glendale neighborhood. This NO-HOA property features seven efficiency units, including two recently renovated units. All units are fully occupied, providing immediate cash flow. The expansive lot offers exceptional redevelopment potential, with possibilities for additional units or future commercial use. Located just minutes from the Glendale Sports & Entertainment District, home to the Arizona Cardinals, the highly anticipated multi-billion-dollar VAI Resort, and additional developments. Bring your development ideas and transform this property's potential into reality. Buyer to verify all zoning and uses with Maricopa County.

More Information MLS# 6948581

Contract Info

Ownership: Fee Simple Current Price: $1,150,000 List Price: $1,150,000 Status: Active List Date: 2025-11-17

Location, Tax & Legal

Assessor's Map #: 24 Legal Description (Abbrev): E2 S2 E2 SE4 SE4 NE4 SEC 2 EX S 40F RD & EX E 77.01F & TRI IN SE COR FOR RD P/F 97-0511273 Assessor's Parcel #: 2 Assessor Parcel Ltr: B Add'l Parcels: No Tax Municipality: Maricopa - COUNTY Census Tract: 92711 Taxes: 1526 Legal: E2 S2 E2 SE4 SE4 NE4 SEC 2 EX S 40F RD & EX E 77.01F & TRI IN SE COR FOR RD P/F 97-0511273 Marketing Name: UNK House Number: 7508 Compass: W Street Name: ORANGEWOOD St Suffix: Avenue City/Town Code: Glendale State/Province: AZ Zip Code: 85303 Zip4: 1528 County Code: Maricopa Assessor Number: 142-24-002-B Tax Year: 2024

General Property Description

# of Buildings: 1 Uncvrd Parking Spcs: 10 Lot Size Dimensions: 25,134 Flood Zone: No Total # of Units: 7 Elementary School District: Glendale Elementary District High School District: Glendale Union High School District High School: Glendale High School Year Built: 1955 Zoning: R-6

Legal Info

Range: 1E Section: 2 Township: 2N

Project Type

5 - 12 Units: 1

Construction

Block: 1 Wood Frame: 1

Const - Finish

Board & Batten Siding: 1 Vinyl Siding: 1

Roofing

Composition: 1

Floors

Tile: 1

Sale Includes

Land & Building: 1

Income & Expenses

Annual Elec Exp: 6000 Annual Gas Exp: 5200 Annual Ins Exp: 2593 Annual Land Lse Exp: 0 Annual Landscape Exp: 0 Annual Legal & Acctg: 0 Annual Maint Exp: 0 Annual Mgmt Exp: 0 Annual Trash Exp: 1200 Annual Wtr/Swr Exp: 1125 Owner Association: No Annual Ownr Asoc Fee: 0 Annual PAD Fee: 0 Annual Other Expense: 0 Operating Exp: 17644 Other Income: 0 Vacancy Allowance: 0.05 Adjusted Gross Inc: 78090 Total Monthly Rental Income: 8000

Pmt & Rate Info

Cap Rate: 7.15 Equity: 1150000 Down Payment %: 0 Monthly Payments: 0 Total Owed: 0

Showing Notification Methods

Showing Service: Aligned Showings Text: 1 Email: 1 Phone Call: 1

Lockbox Type

None: 1

Community Features

No Pool: 1

Heating

Central: 1 Window/Wall Unit(s): 1

Cooling

Ceiling Fan(s): 1 Central Air: 1 Electric: 1

Exterior Amenities

Desert Landscaping: 1

Tenant Pays

None: 1

Appliances Included

Dishwasher: 1 Free-Standing Electric Oven: 1 Refrigerator: 1 Free-Standing Range: 1

Road Access Type

City Street: 1

Road Surface Type

Asphalt: 1

Source of Fincl Data

Owner: 1

Road Responsibility

City Maintained Road: 1

Water Source

City Franchise: 1

Sewer

Septic-In & Connected: 1

Parking Features

Free: 1 Add'l Parking Avail: 1

Electric

SRP: 1

Gas

SW Gas: 1

Owner Pays

Water: 1 Electric: 1 Trash Collection: 1 Landscaping: 1

New Financing

Cash: 1 Conventional: 1 FHA: 1

Existing 1st Loan

Conventional: 1

Existing 1st Loan Type

Fixed: 1

Existing 1st Loan Terms

Not Applicable: 1

Reports/Disclosures

None: 1

Environmental

None: 1

Efficiency Units

# Efficiency Units: 6 Avg Rent: 1142 Avg SqFt: 425 # Baths: 6

1 Bedroom Units

# 1 Bedroom Units: 7 Avg Rent: 1450 Avg SqFt: 425 # Baths: 7

2 Bedroom Units

Avg Rent: 0

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Remarks Misc

Cross Street: 75th Avenue & Northern Directions: From Northern, head south on 75th Ave to Orangewood Ave. Property is on the corner Geo Lat: 33.545659 Geo Lon: -112.220805

Income Expenses

Gross Annual Sch Inc: 82200 Net Operating Income: 82200

Property Features

Project Type: 5 - 12 Units Construction: Block; Wood Frame Const - Finish: Board & Batten Siding; Vinyl Siding Roofing: Composition Floors: Tile Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Desert Landscaping Appliances Included: Free-Standing Electric Oven; Free-Standing Range; Refrigerator; Dishwasher Heating: Central; Window/Wall Unit(s) Cooling: Ceiling Fan(s); Electric; Central Air Water Source: City Franchise Sewer: Septic-In & Connected Electric: SRP Gas: SW Gas Parking Features: Add'l Parking Avail; Free Road Access Type: City Street Road Surface Type: Asphalt Road Responsibility: City Maintained Road Owner Pays: Water; Electric; Trash Collection; Landscaping Tenant Pays: None Source of Fincl Data: Owner Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None Existing 1st Loan: Conventional Existing 1st Loan Type: Fixed Existing 1st Loan Terms: Not Applicable New Financing: Cash; FHA; Conventional Environmental: None
Listing Office: R & S PREMIER HOMES
IDX
Last Updated: November - 18 - 2025
Broker Attribution: 480-253-0071
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